You will need to search around locally, but I actually came across a lender who will lend 100% LTV on your primary home in a HELOC!

I would recommend doing both, setting aside funds to support things that may pop up and pulling out a vacancy percentage.

@Charlie Mitchell, I believe this all depends on your market, the funds you have available, or your ability to negotiate any type of seller financing.

Did you buy the property in cash fully funded by private money? 

I'm also hitting the 2% rule with $800 rent and feel I have room to raise it as I am on the lower end in the area.Since I bought my first condo with cash I was able to leverage that equity with a HELOC (5/3 Bank), they appraised my property at $58k and gave me $37,500 (65% LTV).

I'm also hitting the 2% rule with $800 rent and feel I have room to raise it as I am on the lower end in the area.Since I bought my first condo with cash I was able to leverage that equity with a HELOC (5/3 Bank), they appraised my property at $58k and gave me $37,500 (65% LTV).

The market will dictate the rate and terms, but seems like you could get much more money back than 75% of LTV. 

I pay by ACH as well to avoid having to write checks and mail so they receive their funds quickly and it's efficient. 

About a year ago I did a cashout refinance to secure funds for other properties and the property reappraised for $480k.

They have like 40 different funding option.